this post was submitted on 09 May 2025
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TenForward: Where Every Vulcan Knows Your Name
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I always loved that episode because of how it made the concept of money and obscene wealth as a completely foreign and forgotten backward concept in the 24th century.
Same. Really hammered home just how stupid it all is.
Also, I never noticed before until I posted the meme image ... that the rich old white guy gets to be carried away by two black security officers.
In universe, it would have been a double slap in the face to lose all his money and realize that society no longer sees colour, race and identity as a barrier any more.
I'm no genius in finance but would the banks let the money sit there and accrued interest for that long?
If it was held in an actively managed trust, sure.
More realistically he would be declared dead and any trusts would be liquidated after the last heir died.
See https://en.wikipedia.org/wiki/Rule_against_perpetuities
But obviously that will be rescinded at some point because:
The interest is payment for incentive to keep that money in inventory for the bank's use. As long as there is someone actively in control of the account, like his lawyers, then they'd love to have a static amount (plus the added interest) to invest elsewhere.
Maybe? It would be unwise for banks to start deciding what accounts still get interest and others don't. Would spook investors.